The IIL Blog

FEBRUARY 28, 2024

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

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Productivity Land

JULY 17, 2023

However, navigating uncertainties requires effective risk management. In this article, we will delve into the world of agile risk management, exploring strategies to identify, assess, and mitigate risks in projects. Here are the key types of risks commonly encountered in agile projects: 1.

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The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

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Rebel’s Guide to PM

JANUARY 23, 2023

Are you looking for a way to better manage the risks associated with your projects? Risk audits are an effective tool that can help project managers and program managers identify potential issues before they become problems. What is a risk audit in project management? Who carries out the risk audit?

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Velociteach

SEPTEMBER 11, 2023

We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Thoughtlessly making assumptions or ignoring risks can lead to critical problems.

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Rebel’s Guide to PM

NOVEMBER 25, 2023

And project managers contribute hugely to that because we go out and look for it. We challenge leaders, we talk about risk and what might go wrong and we call people out on poor performance through project monitoring and control. Project management conflict examples in the Concept Phase First up, the Concept or Initiation Phase.

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PM Times

NOVEMBER 8, 2022

Published on September 24, 2019 Every project is attached with a risk of failure. A risk can be a threat with a negative impact on the project principles or it can either be an […]. Hence, it should be your top responsibility to identify and plan ahead in order to avoid these points of failure.

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Rebel’s Guide to PM

OCTOBER 14, 2019

A project manager’s job isn’t just about managing the work. Part of a resource management plan is to build the skills of your team. However, you should also consider how good they are at doing the work of projects – project management. Risk management is a great example. Identify project risks.

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PM Times

NOVEMBER 15, 2023

If your answer is “yes” to the above questions, it’s high time to develop strategies to mitigate these resource-related risks. If not managed […] The post 6 Effective Ways to Mitigate Resource Risks in Project Management appeared first on Project Management Articles, Webinars, Templates and Jobs.

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Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

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Project Risk Coach

JUNE 9, 2023

THIS ARTICLE CONTAINS AFFILIATE LINKS. However, by adopting efficient strategies, we can optimize our time and increase productivity. However, by adopting efficient strategies, we can optimize our time and increase productivity. In this article, we will explore ten practical and effective ways to save time and get more done.

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Proofhub

JUNE 20, 2023

Small Business Risk Management If you’re thinking of starting a new business, learning how to start a t-shirt business or a marketing business is not going to be enough. Internal risk factors are those that are under a company’s control, while external risk variables are those that are beyond its control.

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MPUG

APRIL 26, 2021

Risks were identified, then qualified, and risk responses planned. For implementation of these risk responses, a number of actions were needed. Some were taken, but most ignored or overlooked because of other projects and lack of understanding of risk management at an organizational level.

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Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

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Online PM Courses

JUNE 18, 2023

Risk response strategies are the basic ways to handle project risks. This article examines all the risk strategies, what they mean, and when to use them. The post Every Project Management Risk Response Strategy: Are there 6, 7 or more? appeared first on OnlinePMCourses.

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Project Risk Coach

DECEMBER 13, 2021

Once we've identified our project risks, we should plan and implement responses. In this article, let's look at ways to respond to project threats and opportunities. We can optimize our risk responses over time. Project Risk Strategies How Can We Respond to Risks? Eliminate the threat entirely (e.g.,

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PM Basics

SEPTEMBER 8, 2022

I’ve been managing software development projects for more than 11 years. Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. You’ll get the whole risk management process below.

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Project Risk Coach

SEPTEMBER 28, 2022

A project manager makes decisions based on their risk perspective. However, the project manager may miss the mark. Misunderstanding of the stakeholders’ risk appetite. In this article, let's explore the what, why, and how of project risk appetite. What is Risk Appetite? low, medium, high).

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Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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Wrike

SEPTEMBER 30, 2023

Effective risk management is crucial for the success and sustainability of any business. By identifying and addressing potential risks, organizations can minimize their impact and ensure continuity of operations. These risks can arise from various sources, such as financial, operational, legal, or technological factors.

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Epicflow Blog

JUNE 10, 2022

Accordingly, they are more vulnerable to the consequences of risk-bearing events. When unmanaged, these risks can impact people’s safety and, to make matters worse, come down to considerable financial losses. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively?

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Rebel’s Guide to PM

APRIL 22, 2019

This is a guest article by Harry Hall from projectriskcoach.com. Risk management is one of the core knowledge areas for project managers. You’ve identified and assessed your project risks—both threats and opportunities. Now, you are planning your risk responses with your risk owners. Harry Hall.

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Rebel’s Guide to PM

APRIL 11, 2022

Have you been asked to pull together a strategy planning meeting agenda? In this article, I’ll explain what a strategic planning meeting can cover and share a sample agenda you can customize for your strategy sessions. Strategy planning doesn’t just happen. There’s no fixed cadence for strategy conversations.

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Rebel’s Guide to PM

NOVEMBER 16, 2023

In our annual global survey , one in five (21 percent) respondents say they are using AI always or often in project management. In this article, we will cover strategies to usher in this adoption and certain tasks that can be augmented with AI. Specifically focused on generative AI applications in projects, mainly ChatGPT.

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Rebel’s Guide to PM

MARCH 31, 2024

The most commonly used planning constraint method in project management was historically the “triple constraint” – time, cost and scope – sometimes known as the project management triangle or the “iron triangle” because it’s often shown as a triangle with the constraints at each vertex. What is the Triple Constraint?

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Project Risk Coach

DECEMBER 26, 2017

Successful project managers have a common trait – they identify and manage risks. Let’s look at seven tools and techniques to identify risks. Often project managers start with a splash. They get the team together, identify lots of risks, and enter them into an Excel spreadsheet. When to Identify Risks.

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The IIL Blog

NOVEMBER 8, 2023

By Dr. Elissa Farrow November 8, 2023 In the ever-evolving landscape of portfolio management, organisations can now leverage advanced technologies to not only improve traditional practices but to also unlock new dimensions of efficiency and effectiveness. The source of data and the original configuration is critical.

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MPUG

APRIL 9, 2022

It’s easier to ignore the possibility of risks when the business is doing well — but not having a plan for potential unforeseen threats could be the most significant risk of all. The risk management process involves identifying, assessing, and controlling risk factors that threaten an organization’s earnings and assets.

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The IIL Blog

MARCH 26, 2024

By Ruchi Gupta, PMP ® , PgMP ® , PMI-ACP ® , PMI-RMP ® , SAFe, DASSM, SIP, Jira CBAP ® The accelerating rise of Generative AI tools like ChatGPT, Gemini, Copilot, and others is rapidly reshaping the way project management operates. The Project Management Office (PMO) is no exception.

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PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Introduction.

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Project Risk Coach

FEBRUARY 7, 2022

Unfortunately, many Project Management Offices (PMOs) become nothing more than a watchdog, one that ensures compliance to a strict set of rules. In this article, we will explore why this happens and what it takes for PMOs to become strategic enablers. Management sees it as a way to give oversight to all the programs and projects.

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Wrike

JULY 28, 2023

Risk management is an essential process for businesses to identify and mitigate potential risks that could impact their operations. Fortunately, there is a valuable tool that can greatly aid in this process – the risk assessment template.

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MPUG

NOVEMBER 28, 2022

For most of us, risks and risk management are a part of everyday life. From the time we wake up to the time we settle in for sleep at night, our days are filled with making decisions both big and small that help us manage and prevent potential risks. Five Risk Management Best Practices.

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MPUG

MAY 6, 2024

In Part 1 of Effective Use of Artificial Intelligence Tools , we explained AI and its uses for predictive analysis in Project Management. But there are more than just those 8 uses for AI from our last article. In part 2, we will go a little deeper into AI with 3 more ways that AI is revolutionizing project management.

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Project Risk Coach

SEPTEMBER 12, 2022

On April 1, 2022, the Project Management Institute (PMI®) rolled out the new PMI-RMP® exam. In this article, let's examine why the new PMI® Standards matter and what to look for in your PMI-RMP® training. Why Take the Risk? I share articles, videos, and a short exam in this FREE course to jumpstart your preparation.

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Rebel’s Guide to PM

FEBRUARY 13, 2023

Table of Contents Why is stakeholder management important to project success? What is stakeholder management? Reduce and Uncover Risk 3. Easier Project Closure Why is stakeholder management important to project success? What is stakeholder management? Your stakeholders can also help you identify new risks.

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The IIL Blog

JANUARY 17, 2024

Frohnhoefer In the ever-evolving landscape of project management, staying ahead of the curve is not just beneficial—it’s imperative. As we step into 2024, the dynamics of project management continue to shift, demanding professionals to be agile, skilled, and strategically focused. Not sure where to begin?

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